Unilever’s Indian unit posts robust earnings and hikes royalties

Unilever’s Indian unit reported a 12% increase in quarterly profit as declining prices of key raw materials, including palm oil, boosted the consumer goods giant. It also raised royalties to its European parent.

Mumbai-based Hindustan Unilever posted net income of 25.1-billion rupees for the quarter ended December 31, according to an exchange filing on Thursday. That narrowly beat the average profit estimate of 24.86-billion rupees by analysts in a Bloomberg survey. ..

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